BTC.D | Is Alt Season Coming?BTC.D is near the resistance line on 8H Chart. I expect a drop from the trendline. So we might see a good Pump in Alt Coins.
Msbismil
BTCUSD Potential Reversal?Right Now, BTCUSD is seemingly in the long term bull trend.
On 4H, We see a clear bullish divergence. Though the divergence alone is not a confirmation of a reversal and bull trend continuation, the fact that BTCUSD price is near the major trendline on Daily Chart as suggested in the previous analysis (), and piercing the resistance line on H4 combined give enough reason to stay on bullish bias.
Right now, we need to break and retest the resistance line on 4H to get a confirmation.
Regards,
Muzammil Shaikh Bismil
BTCUSD Possible Scenarios?BTCUSD is currently in a long term Bull run. Currently, the asset is undergoing a decisive movement. The trendline shows we have almost bottomed out. A little downward movement further towards the 50K-52K level making our trend still valid on 1D Chart.
Since we are completing the 4th Elliot Wave , it is a very good chance to take a long position, managing the stop loss somewhere below the trendline near 45K Level.
Contrary to the Bull Run Continuation, we might break the trendline, retest it and we go to the next major support around 30K Level as indicated in the chart.
I will keep updating this analysis as we progress.
Please feel free to give your opinion.
